Territory Stories

Annual Report 2012/2013 Department of Housing

Details:

Title

Annual Report 2012/2013 Department of Housing

Other title

Tabled paper 575

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2013-10-17

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C01820

Parent handle

https://hdl.handle.net/10070/272932

Citation address

https://hdl.handle.net/10070/427536

Page content

vi. Price Risk Price risk arises when an agency holds units in unit trusts and there is a change in the market value of these units as advised by respective fund managers. NT Home Ownership is not exposed to price risk as it does not hold units in unit trusts. vii. Currency Risk NT Home Ownership is not exposed to currency risk as NT Home Ownership does not hold borrowings denominated in foreign currencies or transactional currency exposures arising from purchases in a foreign currency. viii. Net Fair Value The fair value of financial instruments is estimated using various methods. These methods are classified into the following levels: Level 1 - fair value is calculated using guoted prices in active markets. Instruments whose carrying amount is deemed to be equal to its fair value qualify for this level of classification Level 2 - to be used for those instruments that cannot be classified as either Level 1 or Level 3 Level 3 - fair value is estimated using inputs other than quoted market data, for example, net present value. The carrying amount of financial assets and liabilities recorded in the financial statements represents their respective net fair values with the exception of borrowings from NT Treasury Corporation. Total Carrying Net Fair Value Net Fair Value Net Fair Value Net Fair Value Level 2Amount $000 Level 1 Level 3 Total $000 $000 $000 $0002013 FINANCIAL ASSETS Cash and deposits Receivables Advances and investments 19 896 19 896 19 896 57 57 57 224 976 244 929 224 976 244 929 224 976 244 929TOTAL FINANCIAL ASSETS FINANCIAL LIABILITIES Payables Borrowings and advances Other Employee benefits TOTAL FINANCIAI I IABILITIES 1 920 297 245 1 920 1 920 288 779288 779 3 3 3 32 32 32 299 200 1 955 288 779 290 734 Total Carrying Net Fair Value Net Fair Value Net Fair Value Net Fair Value Amount Level 3Level 1 Level 2 Total $000$000 $000 $000 $0002012 FINANCIAL ASSETS Cash and deposits Receivables 6 763 6 763 6 763 35 35 35 Advances 163 288 170 086 163 288 170 086 163 288 170 086TOTAL FINANCIAL ASSETS FINANCIAL LIABILITIES Payables Borrowings and advances Other Employee benefits TOTAL FINANCIAL LIABILITIES 757 757 757 186 356 179 053 179 053 523 523 523 25 25 25 187 661 )5 179 053 180 358 106 DEPARTMENT OF HOUSING ANNUAL REPORT 2012-13


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